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Preserve such places for current and future generations. This discussion was part of the association for the study of africanamerican life and history annual meeting. Hello, and welcome. Hello and welcome to the association for the study of africanamerican life and historys 104th annual conference. We have of people moving, how the National Park service and preservation is how the story of black migration. My name is madeline, and the Senior Executive assistant at the National Parks conservation association. Louder . Is that better . Sorry about that. Im so proud to be with you this afternoon. On behalf of teresa and the president and ceo, thank you for taking the time to join us and welcome. For those of you not familiar with the National Parks conservation associat ....
It is economics. I apologize for the wonky notes. When we had the consultants look at the occurrence, the way they started, they looked at wetland costs today. They looked at what Construction Costs today which is astronomically going up between 515 per year. And they looked at what rents are today. That is how you start one of these things. They came back and they said, office space doesnt work. And we said, that is not a good answer because they are trying to build it. What did you do wrong . They said, what we think we did wrong is we need to understand that these projects have been in the pipeline for a while. What that means is they probably got their land for a little bit less. We know it they bought their land for. They may or may not have contract guaranteed minimum contract with a contractor that gives them some shielding, probably not too much. The last piece is that we are looking at todays rents, as high as they ar ....
Like to ask him about you can finish, i dont want to interrupt. Actually, this is part of the process. Im trying to learn. I am not the expert. Somebody of here promulgating the legislation, there someone else who has expertise. I want to hear from the person. I want to defend the integrity of the work that we do which is come at the end of the day, an estimate. It is not Electrical Engineering where there is an answer. It is economics. I apologize for the wonky notes. When we had the consultants look at the occurrence, the way they started, they looked at wetland costs today. They looked at what Construction Costs today which is astronomically going up between 515 per year. And they looked at what rents are today. That is how you start one of these things. They came back and they said, office space doesnt work. And we said, that is not a good answer because they ....
Integrity of the work that we do which is come at the end of the day, an estimate. It is not Electrical Engineering where there is an answer. It is economics. I apologize for the wonky notes. When we had the consultants look at the occurrence, the way they started, they looked at wetland costs today. They looked at what Construction Costs today which is astronomically going up between 515 per year. And they looked at what rents are today. That is how you start one of these things. They came back and they said, office space doesnt work. And we said, that is not a good answer because they are trying to build it. What did you do wrong . They said, what we think we did wrong is we need to understand that these projects have been in the pipeline for a while. What that means is they probably got their land for a little bit less. We know it they bought their land for. Th ....